Oil Prices Touch 5-Month Low
As Supply Worries Diminish

By

Masood Farivar

Updated Sept. 9, 2006 12:01 a.m. ET

Oil prices continued their slide Friday, dropping to levels not seen in five months as the worries that fueled this summer's rally waned.

With the peak-demand summer driving season over, Israel and Hezbollah agreeing to a cease-fire and BP PLC planning to restore full production at its troubled Prudhoe Bay oil field in Alaska, speculators closed bets on rising oil prices as they brushed off supply-disruption worries.